India received highest ever foreign inward remittances in a single year of $89,127 million in FY 2021-22
Tags: Economy/Finance National News
During the financial year 2021-22, India received foreign inward remittance of $89,127 million which is the highest ever inward remittance received in a single year.
An overview of the news
Union Minister of State for Finance Pankaj Chowdhary said this in a written reply to a question in the Rajya Sabha on 7 February.
Data for the past five years on inward remittances
Year | Inward Remittances (US $ million) |
2017-18 | 69,129 |
2018-19 | 76,396 |
2019-20 | 83,195 |
2020-21 | 80,185 |
2021-22 | 89,127 |
Share of different countries in inward remittances, 2020-21
Source Country | Share in Total Remittances (Percent) |
United States | 23.4 |
United Arab Emirates | 18.0 |
United Kingdom | 6.8 |
Singapore | 5.7 |
Saudi Arabia | 5.1 |
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